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A collection of oligopolies or monopolies or both might only appear to be the low energy position ~ the position to engage in barrier to entry maintenance for a monopolist and in arms-race type rivalry games for an oligopolist can easily consume any hypothetical energy savings.

IOW, there's no reason to believe that its a thermodynamic equilibrium, when its just as easily a far from thermodynamic equilibrium state that happens to be a power bloc equilibrium

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Thu Feb 24th, 2011 at 04:12:12 PM EST
[ Parent ]
However, oligopolies and monopolies have the advantage that the infrastructure of economic planning already exists in the regular operations of the business firm. So when an overriding social imperative requires government planning, the government only has to co-opt the existing planning systems, not make up new ones out of whole cloth.

The downside is that firms that are capable of planning and regulating economic activity on a large scale in the normal conduct of their business might instead decide to co-opt the government...

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Feb 24th, 2011 at 06:21:25 PM EST
[ Parent ]
That's an advantage if you expect that corporate planning infrastructure will tend to pursue goals that are more or less in the general public interest. If the corporate planning infrastructure will tend to pursue goals that are more or less antithetical to the public interest, than the existence of that planning infrastructure requires more countervailing planning infrastructure than if it did not exist.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Thu Feb 24th, 2011 at 09:41:19 PM EST
[ Parent ]
There is also the possibility that the private planning system will pursue interests that are orthogonal to the public interest, rather than directly aligned or opposed to it. All it requires for them to be a net benefit is that, on average, they do not work directly against the public interest.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Feb 25th, 2011 at 05:42:59 AM EST
[ Parent ]
That would also be nice, but given the effectiveness of the commercial corporate sector as an externalizing machine, equally counterfactual.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Fri Feb 25th, 2011 at 06:36:12 AM EST
[ Parent ]

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